Ilan Le The U.S. government provides subsidies for a variety of agricultural products. Suppose the demand for and supply of corn is as indicated in the accompanying graph. Supply Price (5 per bushel of cure) Demand4 8 12 16 20 24 28 32 36 40 44-48 52 56 60 Quantity of com (billions of bushchy) a. In the absence of government involvement in the market, the equilibrium price is per bushel, and the equilibrium quantity is billion bushels. b. Suppose the government provides a $2 per unit subsidy for suppliers of corn. In the graph, shift one or both curves to show the effect of the subsidy. C. As a result of the subsidy, consumers will pay per bushel, and sellers will receive per bushel